Holds a Bachelor of Technology in Civil Engineering from IIT Madras and an MBA from the University of Michigan
Has over 25 years of experience in the varied fields of consulting, technology, projects, financial services and engineering in different positions across different industries.
Has worked with Mckinsey and Company, 24/7 Customer Inc. etc.
Was a recipient of the Extraordinary Entrepreneur of the Year - TiECON 2014 Award.
Was the Managing Director of Tube Investments of India Limited (TII) from August, 2017 to March, 2022. Is the Executive Vice Chairman of TII effective 1 April, 2022.
Is the Chairman of CG Power and Industrial Solutions Limited and a director on the Boards of various other companies including SRF Limited and Cholamandalam Financial Holdings Limited.
Was the Managing Director of Chola from August, 2010 to August, 2017. Has been the Chairman of Chola effective 12 November, 2020.
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Mr. N Ramesh Rajan (66 years) DIN: 01628318
Independent Director
Graduate in Commerce, a fellow member of the Institute of Chartered Accountants of India.
Has over 41 years of experience in the fields of audit,finance, strategy and operations.
Was the Chairman and Senior Partner, PwC India responsible for overall strategy and operations of all PwC entities in India.
As Chairman & Senior Partner had represented India on the Global Strategy Council of PwC International and served as a member on
PwC’s Central Cluster led by PwC, UK
Is the Chairman of Indo National Limited and is also on the Boards of TTK Healthcare Limited, Rane (Madras) Limited, Rane Engine
Valve Limited and Kineco Limited.
Joined the Board of Chola on 30 October, 2018.
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Ms. Bhama Krishnamurthy (68 years) DIN: 02196839
Independent Director
Holds a Masters degree in science from Mumbai University.
Had a career spanning over 37 years in IDBI (now IDBI Bank) and SIDBI, an Apex Development Bank for MSMEs in India covering almost
all areas of development banking operations.
Has varied management and leadership experience in resource raising, forex, treasury operations, risk management, credit function,
branch operations and human resources division.
Was on the Boards of various venture capital companies, CIBIL, SBI Global Factors as a nominee director of SIDBI.
Is the part-time chairperson of CSB Bank Limited and is also on the boards of various companies including Network18 Media and
Investments Limited, Five Star Business Finance Limited, Muthoot Microfin Limited, Thirumalai Chemicals Limited, Poonawalla
Housing Finance Limited and e-Eighteen.com Limited.
Joined the Board of Chola on 31 July, 2019.
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Mr. M A M Arunachalam (56 years) DIN: 00202958
Non-Executive Director
Mr. M.A.M. Arunachalam (also referred as Mr. Arun Murugappan) studied at the Doon School, Dehradun, holds a Bachelor degree in Commerce from Loyola College, Chennai and an MBA from the University of Chicago, USA.
Is the Executive Chairman of Tube Investments of India Limited (TII) effective 1 April, 2022 and was the non-executive Chairman of TII from 11 November, 2020 to 31 March, 2022.
Is the Chairman of Shanthi Gears Limited, Parry Enterprises India Limited, Cholamandalam Home Finance Limited and TI Clean Mobility Private Limited.
Is also on the Boards of CG Power and Industrial Solutions Limited, Great Cycles and Creative Cycles.
Holds an MBA from Vanderbilt University, United States of America.
Is a co-founder and Partner of Gateway Partners, an investment firm focused on growth capital and strategic opportunities across markets in Southeast Asia, South Asia, the Middle East and Africa.
Has over 29 years of experience in investments, mergers & acquisitions, equity capital markets and leveraged finance in South and Southeast Asia with a strong network of relationships in the region.
Prior to co-founding Gateway Partners in 2014, has held leadership positions in several leading investment banks including Standard Chartered Bank and Morgan Stanley.
Is a non-executive director of TVS Supply Chain Solutions Limited and independent director of Tube Investments of India Limited and a few other companies in India and abroad.
Joined the Board of Chola on 16 March, 2021.
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Mr. Ravindra Kumar Kundu (55 years) DIN: 07337155
Executive Director
Graduate in Commerce and has completed Post Graduate Programme in Management for Senior Executives from the Kellogg School of Management, Indian School of Business and an Executive Programme in Global Business Management from the Indian Institute of Management Calcutta.
Over 34 years of professional experience in automobile and financial services industry including 22 years in Chola.
Joined Chola as Senior Executive - Marketing in the year 2000 and handled various functions including credit, collections before taking up the role of Business Head of Vehicle Finance division of Chola.
Instrumental in growth of the Vehicle Finance business AUM from Rs.20,000 crores to Rs.52,000 crores.
Is the Chairman of Payswiff Technologies Private Limited.
Is also on the Boards of Cholamandalam Securities Limited, White Data Systems India Private Limited and Cholamandalam Home Finance Limited.
Has been the Executive Director of Chola since 23 January, 2020
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Mr. M R Kumar (62 years) DIN: 03628755
Independent Director
A graduate in science from Madras University.
Has over 40 years of experience in the fields of insurance, finance and marketing. Has held various positions in Life Insurance Corporation of India (LIC) from 1986 till 2023.
Was the Chairman of LIC during the period March 2019 to March 2023. Was also the Non-Executive Chairman of LIC Housing Finance Ltd., LIC Pension Fund Ltd, LIC Mutual Fund AMC Ltd. , LIC Cards Services Ltd, IDBI Bank, LIC Singapore Pte. Ltd., LIC Lanka Ltd., LIC (International) BSC, Bahrain, LIC Nepal. Ltd.
Is the non-executive chairman of Bank of India and Aurobindo Pharma Limited and a nominee director on the Board of Ambuja Cements Limited.
I used to drive old vehicles but now I own 6 trucks, all thanks to Chola. Chola provided me with maximum funding at a lower interest rate within 2 days of applying.”
Since 2002, We have been getting our financing done through Chola. We received great support from Chola.We recommend Chola to all our relative and personal contacts.